Whale Factor|Nov 12, 2026 06:44
🐋 WHALE WATCH : Ethereum leads L1 DeFi protocol count by a wide margin.
Top 10 by DeFi protocols DefiLlama:
1. Ethereum — 2132 ETH
2. BNB Chain — 1267
3. Solana — 726
4. Avalanche — 680
5. Hyperliquid L1 — 597
6. Monad — 256
7. Sonic — 251
8. Berachain — 186
9. Cronos — 180
10. Sui — 162
Ethereum has nearly 3x Solanas count and more protocols than BNB Chain and Solana combined.
Protocol count and TVL tell different stories. Hyperliquid sits below Avalanche on this list and runs nearly 4x its TVL. Monad is already top 10 as a newer chain. Arc and Gnosis sit just outside at 147 and 146.
Which L1 climbs next ?
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